They are the richest family in Canada, and their multinational conglomerate is headquartered in Bay Adelaide Centre, Toronto. Thomson Reuters, worth $56 billion, is, however, currently in the news not for their regular business dealings in mass media, but in equestrian sports. They own a few equestrian estates, each worth multi-million dollars, which they are now selling off in Wellington, Florida.
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Roy Thomson, the founder of the namesake company, had seven grandchildren, one of whom was Susan Grange. The Wellington equestrian estates belonged to her. However, after her demise in 2017 due to cancer, the family has only now decided to sell it.
Why Thomson Reuters is selling its equestrian firm now
As per an article by The Real Deal, Susan Grange was a huge name in the equestrian circle in Canada. She reared and bred horses for nearly 30 years before passing away in 2017. Her complications due to cancer got worse and in 2017, she gave up on her fight. After her death, there was hardly anyone like her to take care of the firms.
Naturally, 6 years after her demise, Thomson Reuters decided to sell it. As per the Real Deal, they sold a pair of estates to another pair of Delaware LLCs named Rivendell, named after the fictional elf-kingdom in JRR Tolkien’s ‘The Lord of the Rings’.
David Binet and Sarah Lerchs, President and Vice-President of Woodbridge company, signed the deal on their behalf. The estates at 14225 50th Street South and 4775 Stables Way were sold at a combined price of $20.4 million.
The luxury of each equestrian estate in Wellington, Florida
It was Sotheby’s International Realty that introduced the buyer to Thomson Reuters. The listings of the estates were brought by Martha Wachtel Jolicoeur of Douglas Elliman, who also tried to sell a 3rd Wellington Estate 14412 Pierson Road. The price for it was $18.9 million.
The two adjoining estates that were sold, were initially bought by Susan Grange in 2003 and 2008, for a combined price of $9.1 million. After around two decades, they were sold at more than a 100% profit. Earlier this year, American TV personality Merv Griffin’s equestrian estate, worth $3.2 million, also went up for listing. It was a spacious and luxurious one too.
One of them has 3 bedrooms, 4 bathrooms, a half-bathroom, a 3-car garage, an 8-stall barn, and an all-weather ring. The other has a 3-bedroom, two-and-a-half bathroom, a pool, a 16-stall barn, a grand prix field, and a horse walker. Combined, both the estates covered around 30 acres.
Watch the story here: Lady Gaga’s $23 Million Equestrian estate is the ultimate retreat
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Purva Jain